For Sale

66 Gerrard Street, Toronto C08, Ontario M5B 1G3

$23,500,000

66 Gerrard Street, Toronto C08, Ontario M5B 1G3 is For Sale and has a listing price of 23,500,000. The property is located in the Toronto C08 . It's been on the website for 56 Days.

  • MLS ID: C12387033
  • Office Name RE/MAX ALL-STARS REALTY INC.
Property Description

66 Gerrard Street East presents an outstanding opportunity to acquire a well-maintained, three-storey brick-and-beam commercial building located at the prominent corner of Gerrard Street East and Church Street in downtown Toronto. The property offers approximately 21,000 square feet of leasable area on a 78 ft. x 101 ft. lot and is designated under CR zoning, permitting a wide range of commercial and mixed-use applications, including office, medical, retail, hospitality, and institutional uses.The building features strong corner exposure, functional floor layouts, and a stable tenant mix generating consistent rental income. Current occupants include medical and healthcare offices, professional service firms, two established restaurants, and an event venue with regular bookings.Ideally situated steps from Toronto Metropolitan University, major hospitals, public transit, and new residential and institutional developments, the property benefits from excellent visibility, high pedestrian and vehicular traffic, and a strong daytime population.This asset provides both steady income and long-term redevelopment potential in one of Toronto’s most dynamic growth corridors, making it suitable for investors, developers, and owner-occupiers seeking a high-profile downtown location.

Property Details
  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: C12387033
  • Price: $23,500,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: 100.99
  • Ref ID: C12387033
  • Dir / Cross St: Gerrard St E & Church
  • Status: Active
  • Tax Year: 2024
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
09/07/2025 C12387032 $23,500,000 For Sale - -
09/07/2025 C12387033 $23,500,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Toronto C08
  • $834,030 Average List Price
    based on 1 year
  • 249 New Listings
    based on 30 days
  • 45 Median Days on Market
    based on 1 year
  • List vs. Selling Price 328.18 % Up
  • Sold (12mo) 362
  • Rented (12mo) 876

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
  • 99 Walk Score
    Walker's Paradise
  • 98 Transit Score
    Rider's Paradise
  • 97 Bike Score
    Biker's Paradise
Additional Details
  • Heat Type Other
  • Garage Type Y
  • Taxes: $122,689
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: TBD
  • Listing Entry Date: 07/09/2025 16:11:56
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